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Team Competitions for Money

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  • 06-07-2012, 09:42 AM
    letsgamble
    Team Competitions for Money
    What's the law expression for situation when two teams of people put money into the pool, team which wins in online skill game, takes all?

    Thanks.
  • 06-07-2012, 11:24 AM
    Mr. Knowitall
    Re: What's the Law Expression
    From the little you've shared, I would expect that the law calls it "gambling".

    You are free to research the laws of your undisclosed state.
  • 06-07-2012, 12:29 PM
    letsgamble
    Re: What's the Law Expression
    Quote:

    Quoting Mr. Knowitall
    View Post
    From the little you've shared, I would expect that the law calls it "gambling".

    That's true. What about nameing it more specifically?

    There are many types of gambling, for example betting pool, parimutuel betting etc.


    I searched over the web, but can't hook my situation to any of these which I've found.

    Betting pool would be it, but definition of its say: ,,There are no odds involved; each winner's payoff depends simply on the number of gamblers and the number of winners"
    so You can't hook game of skill to betting pool I guess.


    Question still remains, how to name this type of gambling, or maybe it isn't gambling?
  • 06-09-2012, 03:51 AM
    letsgamble
    Re: What's the Law Expression
    Quote:

    Quoting Mr. Knowitall
    View Post
    From the little you've shared, I would expect that the law calls it "gambling".

    You are free to research the laws of your undisclosed state.

    Yes, that's gambling for sure. What about naming it more specifically?

    Lets take for instance website tournament (dot) com
    ,,A little over a half-year after it started, Tournament.com shuts down. The site allowed players to bet on matches in a "skill-based environment" and had the exclusive rights from Valve for competitive use of Counter-Strike Source."

    All-in-one, this site allowed players to deposit money on it, bet money on own team in skill-based game, winning team takes all.


    Close would be pool betting, but pool betting isn't about skill-based games and betting on yourself.
  • 06-10-2012, 05:30 PM
    aaron
    Re: What's the Law Expression
    Again, laws vary by state. If you want to know what it might be called in your state, which you continue to decline to identify, research your state's laws and brainstorm.
  • 06-10-2012, 08:32 PM
    letsgamble
    Re: What's the Law Expression
    Form of gambling haven't got each name in each state. Let's take Pool betting, Fixed-odds betting, Tote betting - their names are used worldwide.

    Let's assume it's NY state.
  • 06-10-2012, 08:48 PM
    jk
    Re: What's the Law Expression
    gambling

    from NY statutes:

    Quote:

    2. "Gambling." A person engages in gambling when he stakes or riskssomething of value upon the outcome of a contest of chance or a futurecontingent event not under his control or influence, upon an agreementor understanding that he will receive something of value in the event ofa certain outcome.
    and the laws that definition is associated with:


    Quote:

    Section 225.00 Gambling offenses; definitions of terms. 225.05 Promoting gambling in the second degree. 225.10 Promoting gambling in the first degree. 225.15 Possession of gambling records in the second degree. 225.20 Possession of gambling records in the first degree. 225.25 Possession of gambling records; defense. 225.30 Possession of a gambling device. 225.32 Possession of a gambling device; defenses. 225.35 Gambling offenses; presumptions. 225.40 Lottery offenses; no defense.

    is there a point to the question?

    whoops, missed the definition for lottery:


    Quote:

    10. "Lottery" means an unlawful gambling scheme in which (a) theplayers pay or agree to pay something of value for chances, representedand differentiated by numbers or by combinations of numbers or by someother media, one or more of which chances are to be designated thewinning ones; and (b) the winning chances are to be determined by adrawing or by some other method based upon the element of chance; and(c) the holders of the winning chances are to receive something of valueprovided, however, that in no event shall the provisions of thissubdivision be construed to include a raffle as such term is defined insubdivision three-b of section one hundred eighty-six of the generalmunicipal law.
    but notice that even that is described as an illegal gambling scheme
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